Shares of Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 602,291 shares were traded during mid-day trading, an increase of 450% from the previous session's volume of 109,497 shares.The stock last traded at $11.07 and had previously closed at $11.04.
Ares Acquisition Co. II Stock Up 0.0 %
The business's fifty day moving average price is $11.01 and its two-hundred day moving average price is $10.90.
Hedge Funds Weigh In On Ares Acquisition Co. II
Several hedge funds have recently added to or reduced their stakes in AACT. Toronto Dominion Bank bought a new position in Ares Acquisition Co. II during the 4th quarter valued at about $21,519,000. Wolverine Asset Management LLC grew its holdings in Ares Acquisition Co. II by 448.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company's stock valued at $7,440,000 after purchasing an additional 561,796 shares during the last quarter. Decagon Asset Management LLP bought a new position in Ares Acquisition Co. II during the 4th quarter valued at about $4,089,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II during the 4th quarter valued at about $3,534,000. Finally, Bulldog Investors LLP grew its holdings in Ares Acquisition Co. II by 54.9% during the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock valued at $5,745,000 after purchasing an additional 185,556 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors.
About Ares Acquisition Co. II
(
Get Free Report)
Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.
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